XML 19 R7.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Millions
6 Months Ended
Jun. 04, 2021
May 29, 2020
Cash flows from operating activities:    
Net income $ 2,377 $ 2,055
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization and accretion 390 376
Stock-based compensation 520 444
Reduction of operating lease right-of-use assets 33 42
Deferred income taxes 210 (265)
Unrealized losses (gains) on investments, net (7) 5
Other non-cash items 5 16
Changes in operating assets and liabilities, net of acquired assets and assumed liabilities:    
Trade receivables, net (39) 155
Prepaid expenses and other assets (258) (303)
Trade payables (1) 80
Accrued expenses and other liabilities 87 (58)
Income taxes payable (26) 2
Deferred revenue 469 (40)
Net cash provided by operating activities 3,760 2,509
Cash flows from investing activities:    
Purchases of short-term investments (639) (263)
Maturities of short-term investments 521 417
Proceeds from sales of short-term investments 104 70
Acquisitions, net of cash acquired (1,470) 0
Purchases of property and equipment (154) (190)
Purchases of long-term investments, intangibles and other assets (27) (6)
Proceeds from sale of long-term investments and other assets 0 4
Net cash provided by (used for) investing activities (1,665) 32
Cash flows from financing activities:    
Repurchases of common stock (1,950) (1,700)
Proceeds from re-issuance of treasury stock 87 89
Taxes paid related to net share settlement of equity awards (480) (521)
Proceeds from issuance of debt 0 3,144
Repayment of debt 0 (3,150)
Other financing activities, net 19 4
Net cash used for financing activities (2,324) (2,134)
Effect of foreign currency exchange rates on cash and cash equivalents 1 (13)
Net increase (decrease) in cash and cash equivalents (228) 394
Cash and cash equivalents at beginning of period 4,478 [1] 2,650
Cash and cash equivalents at end of period 4,250 3,044
Supplemental disclosures:    
Cash paid for income taxes, net of refunds 277 116
Cash paid for interest $ 50 $ 38
[1] The condensed consolidated balance sheet as of November 27, 2020 has been derived from the audited consolidated financial statements at that date but does not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements.